How Swing State Politics Are Sinking a Steel Deal

Some concerned collapse of U.S. Steel deal will hurt workers

Some worry collapse of US Steel deal will hurt workers – CBS News Watch CBS News President Biden is set to block the nearly $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel. Hundreds of U.S. Steel workers have rallied in Pittsburgh in support of the deal, and the CEO has warned if it collapses, the company may leave the city and take thousands of jobs with it. Mayor Chris Kelly of West Mifflin, Pennsylvania, joins to discu…

How swing-state politics are sinking a global steel deal

WASHINGTON — The Biden administration has spent the past three years promoting a policy of

How Swing State Politics Are Sinking a Steel Deal

“The Biden administration has spent the past three years promoting a policy of ‘friend-shoring,’ which aims to contain China and Russia by forging closer ties with U.S. allies like Europe and Japan,” the New York Times reports. “That policy appears to stop at the state lines of Pennsylvania.” “As the administration nears a decision to block the proposed acquisition of the Pittsburgh-based U.S. Steel by Japan’s Nippon Steel, the traditional debat…